PLD - NYSE

Prologis, Inc.

Prologis, Inc.

PLDยทNYSE

$142.85

+1.7%
Real EstateREIT - Industrial

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$133.18B
EPS3.5700
P/E Ratio40.01
Earnings Date07/15/2026
Prologis, Inc.

Prologis, Inc. Fair Value Envelope

PLD ยท NYSE

Our analysis suggests that PLD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $142.85, this represents a potential HIDDEN relative to our calculated worth for Prologis, Inc..

HIDDEN
Intrinsic Value
Current Price: $142.85

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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$
%
$
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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$84.9B
+ Cash & Equivalents$1.1B
Firm Value$86.0B
- Debt$35.0B
Equity Value$51.0B
/ Shares Outstanding927,774,900B
DCF Value$55
OVERVALUED BY 62%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$5.1B
$5.2B
$5.3B
$5.4B
$5.5B
$5.6B
$5.7B
$5.8B
$6.0B
$6.1B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$5.1B
$5.2B
$5.3B
$5.4B
$5.5B
$5.6B
$5.7B
$5.8B
$6.0B
$6.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$4.7B
$4.5B
$4.2B
$4.0B
$3.8B
$3.5B
$3.3B
$3.2B
$3.0B
$2.8B
Terminal Value represents 56.4% of Enterprise Value

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